Multiple Choice
HRH 's balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72000 less accumulated depreciation of $36 000.Depreciation is calculated on a straight-line basis.If the vehicle had a useful life of 6 years at the time of purchase and a residual value of $6000 what is its carrying amount on 1 July 2013?
A) $24 000
B) $25 000
C) $14 000
D) $26 000
Correct Answer:
Verified
Correct Answer:
Verified
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